EU officials are finally set to reach a political accord over the 44billion euro Greek bailout fund today - an agreement which has eluded them thus far.
A discussion among the 17 finance ministers of the eurozone is currently underway as they look to sign off the multi-billion euro rescue fund.

The eurozone ministers had hoped that they would be able to sign a deal last week but talks descended into a farce as the officials failed to reach an agreement on how to deal with the crisis.

Laboring under a mountain of debt and facing a gaping budget deficit, Greece has been relying since 2010 on international bailout loans, under terms supervised by the so-called troika - the International Monetary Fund, the European Central Bank, and the European Commission.

Posted Nov-20-2012 By

para001

Posted Nov-20-2012 By

Jegsman

@Jegsman Nar this one currency business is not working bud, that's why some in europe got rich and the others went under. That's why the PM here has been to scared to chase it. Don't think we will ever ditch the pound now thank fuck.

Posted Nov-21-2012 By

para001

Looks like the only way to get GB out,is for the whole lot to go bankrupt.Our liberal arse licking politicians havent got the gonads to pull us out.The cunts will not even debate it.So i hope it all goes tits up.